Seed Money Facility: The 3rd financial decision is to be launched in September 2014

Priority Area Coordinators (PACs) and Horizontal Action Leaders (HALs) of the EU Strategy for the Baltic Sea Region met on 5 February in Berlin. One of the topics discussed was the 3rd and final financial decision of the Seed Money Facility.

Based on the discussions in Berlin it has been agreed that the 3rd financial decision of the Seed Money Facility will be launched in September 2014. There is approximately EUR 667,000 to be allocated which equals to 16 regular seed money projects that do not include an investment component.

The main focus will be on applications with high potential to become flagship projects of the EU Strategy for the Baltic Sea Region. PACs/HALs are currently reassessing the need for future Seed Money projects per priority area and horizontal actions.

The projects already submitted to the Facility will be taken into consideration again. In certain thematic areas there will be limited calls. More information on the possible themes will be published within the next weeks after the assessment of needs has been completed.